if nifty break the level of 11550 - 11600 than it can go towards next resistance only learning
NIFTY TODAY CLOSED ABOVE PRE COVID LEVEL AND THIS POINT IS VERY CRUCIAL FOR NIFTY 50 AND IF IT CAN RETAIN THIS THEN IT WOULD BE HEADING TOWARDS THE MARK OF 12000. SO HERE WE NEED TO SEE THAT CAN NIFTY RETAIN THIS ON MONDAY SESSION. LEARNING ONLY
WE CAN SEE THAT THERE IS STRONG MOVEMENT IN NIFTY 50 AND CLOSE ABOVE THE 11300 LEVEL WHICH WE CAN SAY IS A BREAKOUT AND AFTER THIS WE CAN SEE MOVEMENT TILL NEXT RESISTANCE OR A SMALL CORRECTION AND TESTING OF 11300 LEVEL THAN A RUN-UP TOWARDS 11541. LEARNING ONLY.
AT THE END OF THE DA NIFTY SHOWED STRENGTH AND IN THE MORNING SESSION IT SHOWED WEAKNESS AT THE LAST TWO 15 MIN CANDLE U CAN SEE STRENGTH IN NIFTY BUT THE FUTURE MOVE OF NIFTY IS DECIDED WHEN IT BREAKS ABOVE 11300 DECISIVELY. ONLY FOR EDUCATIONAL PURPOSE.
NSE:AXISBANK a breakout from the conjestion zone, will take it out of the downtrend channel & put it in the uptrend channel